hot one at highway and denise cole is not a bog wanting to sell. lowball does the message studio be unscripted on outs is era? water scarcity has become a major global issue. the demand is going straight up and the supply is going straight down, turning an essential natural resource into a commodity traded for profit. just because it's life doesn't mean it cannot be priced. what about the guy that can't afford it? that guy told me it's water. al jazeera examines the social, financial, and environmental impact of water privatization notes. if water on al jazeera, ah, the u. s. federal reserve raises interest rates. i'm a bid to fight inflation. none avoid further economic term or ah, hello,

i'm darn jordan. this is al jazeera live from de, also coming up in lebanon. protests spent their anger again over years of financial mismanagement in the country. at least 8 people are killed in key boffa barrage of drones strikes, hit residential areas on wednesday morning and calls from nationwide protests as people across france demand the government backs down of its plan to raise the retirement age. ah, the u. s. federal reserve has raised interest rates again, despite recent term on the banking sector. the benchmark rate is going up to 5 percent. it's highest level since 2007 as a fed tries to curb inflation. but with banks feeling the impact of higher lending costs, it's chairman suggested a recent string of rises could soon be over. hodge cast a report from washington. the u. s. central banks decision to raise the federal

interest rate by a quarter percentage point was the result of being stuck between conflicting forces . don't raise the rate enough, and consumer prices may continue to sort, raise it too high and war banks may fail. history has shown that isolated banking problems, if left unaddressed, can undermine confidence in healthy banks and threatening the ability of the banking system as a whole. the banking turmoil hits suddenly 2 weeks ago when 2 midsize banks failed, people lined up to demand their money money that was no longer there after silicon valley bank sold its government bonds at a loss due to high interest rates. as phoebe's practices had caught the attention of banking regulators in 2022, but the fed fail to prevent the crisis chairman jerome pow so the blame lies with the bank. now under investigation in a basic level, silicon valley bank management failed badly. they grew the bank very quickly. they

exposed the bank to significant liquidity, risk and interest rate, risk, and emergency intervention by regulators, and the us treasury department has stabilize the banking sector for now. treasury secretary janet yellen told a senate committee on wednesday that regulatory reforms may be required. this was a very unusual set of circumstances. the silicon valley bank faced. it appears that they had seen significant interest rate risk that they were subject to and exceptionally high over 90 percent of their deposits were uninsured. the big day, a financial news made for volatile trading on wall street with the dow and s and p closing down more than one and a half percent. investors fear, even the modest interest rate hike will increase pressure on banks. i think this is, this is going to only add fuel to the fire,

just how much higher will the federal interest rate go? well, the federal reserve is signaling that it's approaching the end of its aggressive campaign to raise interest rates in order to lower inflation. perhaps one more interest rate hike is expected before the end of this year, and then if inflation indeed continues to descend downward as expected than come 2024 interest rate cuts could be expected. id, joe castro, al jazeera washington and the u. k. could see a high can interest rates on thursday after inflation went up unexpectedly for the 1st time and months. february's increase was driven by high food and energy bills. food prices are at the highest and 45 years. that's largely because of a shortage of vegetables. that baba has moved from london will after several months of falling inflation. this is something of a surprise in it poses a headache for the bank of england, which has already raised interest rates 10 times since december battling double

digit inflation. so the headline figure in them yet a february 10 point 4 percent rising prices, 3 things driving that really? first in the hospitality sector, rising prices for alcohol and then food and non alcoholic drinks. for example, there been shorted ease of some vegetables from southern europe, partly due to supply chain issues linked to breaks it. partly bad weather and rises in general for food, our over 80 percent. so that's going to hit the low income households, the hardest. and then you've got rises in clothing and footwear, particularly for children and women. now, the chancellor of the exchequer that's put in the finance minister. jeremy hunt has reacted saying that this is a reminder. no one should take a falling inflation for granted. but saying that he'll stick to his aim to cut inflation by half. by the end of the year, the office were budget responsibility predicted it would get below 3 percent by the

end of the year. but just on tuesday, he was calling this double digit inflation dangerously. high, it's dangerous, politically for him as well. the opposition labor party have said that this shows that nothing is working better in britain compared to for 13 years ago when the conservatives took power. union bosses similarly as saying that the cost of living crisis is not being dealt with sufficiently by the government criticizing last week's budget for favoring more well off households. and so this is just a reminder that with britain experiencing the highest inflation amongst the g 7 group of developed nations. this is not just in economic challenge, but a political challenge. the devastating financial crisis in lebanon saw protest has returned to the streets on wednesday lease fighter gas to break up demonstrations in a capital bare route. many where retired soldiers demanding a living wage. inflation has been soaring since 2019, making essential goods,

increasingly unaffordable and problems in the banking sector. i've left some people struggling to access their money. santa hud, as more from the lebanese club, lebanon has become a cash economy. it's the result of a 4 year old financial crisis brought about by decades of mismanagement and corruption. the banking sector is crippled and the country is close to bankruptcy. it's the biggest threat that the government on the country is facing because it is a very, very, very dangerous the empire economy. as a cash economy, all the money is going to the private sector. the solution is only in one place that is to normalize and finalize the restructuring of the banking system. law. restructuring is one of the reforms required for much needed international support to revive the economy. but that means the political and business elite will have to compromise their hold on power,

something they have resisted so far. in the meantime, money transfer companies have stepped in as have other financial institutions, many of which are not regulated. 50 to 60 percent of the daughter d, d p. actually considered to be in the shadow economy. so outside the states, this includes 2 types of activities. you have information activities, which means enterprises who do not declare the employee is that they have to not declare their exact revenues, but also you have the elicit part of these activities. this is causing concern, particularly among western nations. that tracking elicit cash transactions will become more difficult compromise in the fight against money laundering and the financing of armed groups. an estimated $8000000000.00 is exchanging hands outside the radar of the state. that includes an illegal activity such as smuggling across

the border to syria. the informal economy is also growing. the international labor organization estimates that 60 percent of the workforce is not tax and doesn't benefit from social protection. the government is unable to provide services and its struggles to pay public servants, although these salaries are negligible, given inflation. and with a cash economy means big losses. the government loses around 20 to 25 percent of expected revenues because of corruption, bribery, and tax evasion, ministry with all the while many war lebanon is operating outside the international financial system that include their elders, either beirut, or they say, people have been killed and russian drones strikes maybe your cranium, capital. wednesday's attack had a college and a student dorm, south, a cave. one of the victims was an ambulance driver called the scene. more than a dozen people were injured. we feel

a terrible hor pish. like we were all together when the blast we've hit and the ceiling started to crumble, those a lot of smoke and our clothes caught fire. i am so happy my children was smart enough to tear the clothes off quickly. we were a bit slower and we suffered some bones, but it really doesn't matter because we are alive. stephanie decker has more now from keith as the ukrainian military saying that 16 out of 21 drones were shot out of the sky air i sirens did sound the ukrainian president, calling it quoting the murderous drones and referring to the russian president vladimir putin and saying well, as he talks of peace, ah, the orders are given for these kinds of attacks. it's the 1st time certainty that there has been a hit on a residential building in the surrounding areas of the capitol. ah, since december will the attack in the cave region was followed by another russian missile strike on to residential buildings ins, upper asia,

at least one person was killed. the cranium president vladimir zalinski condemned the attack. at least 25 people were taken to hospital of the 29 story buildings were hit and in russian occupied crimea. officials say the navy repelled a drone attack on the port of sylvester pole. eula, shop of oliver has more now from moscow. the morning attempt to hit russian targets in crimea and 7 topple with 3 drones. all devices were destroyed by 2 women offices, both well received state awards. so this is the laces from survey showing good. the russian defense minister, basically the rest of information. we have on the semester lead time comes curtsey over, govern notes, have a total and the high resident shives and he's telegram channel. so the truth try to get into the bay that's according to resume jive, russian. the russian sailors fire fired a small arms at them and there were no casualties, but some windows in into residential buildings were blown out. g,

2 explosions caused by destroyed drains, and after successfully repulsing the drone of tacos to topple the ukrainian knots is according to reservation. if again, his telegram channel, they launched an information at talk, but crimea is safe according to the governor. and if anything, basically anything dangerous of going to happen, that people will be informed by the authorities. and this is not the 1st recent a talk by ukrainian trends in crimea, as we know not so long ago, a massive tried by several ukrainian u. a. b was carried out in john coy on the crime in peninsula late monday evening on march the 20th. meanwhile, russia says it's deployed long range to ship missiles and disputed territory the north pacific. moscow since the defense system was sent to the corral islands, which are partly claimed by japan, it came a day off to japan's prime minister visit ukraine and offered his support. former

british prime minister boys johnson has told a parliamentary committee, he never lied to m. p is about parties at his official residence during cobra. 900 lockdown. johnson is accused of deliberately misleading parliament john hall report london. some have called it boris johnson's last stand. this colossal figure of british politics, demeaned under close questioning by a cross party committee of m p. 's. i bet i mean, whatever your variable in point is whatever, whatever your interpretation of the guidance may be. what matters if i may respectfully say is what i believed to have been our efforts to follow the guidance why i thought that they were credible and an artist. and what i would ask you to allow me to ask his next class course at issue here is whether johnson lied to parliament about lockdown parties in number 10, downing street. no,

but i'm sure that whatever happened either guidance was followed. the rules on it at any time, the former prime minister is adamant he did not. i am here to save you handled haunt that i did not lie to the house. johnson concedes his statements were misleading, but uttered he said in good faith that he had been told by aides, the events in question were work related and within the guidance. my honest belief that it was within the rules was based on what i was told by senior advisors. the fact that this was my honest belief is supported by the fact that so many other people honestly believe that we were doing nothing wrong. the committee at one point described johnson's defense as flimsy, and said that to the man who was prime minister at the time, who made the rules and who broadcast them frequently to the nation,

it should have been obvious that what was going on was wrong. johnson's retort was that, therefore, it should have been just as obvious to others who were there, including current prime minister richie sudak. sooner was fined by the police for breaking the rules as well as johnson. in this bid to clear his name, boris johnson, apparently happy to tarnish the name of others. i think is quite clear to everyone that he misled everyone in everything. but do you blame him? could anyone have done any better? i think he'll come back to the forest. johnson noticed more, more life in him, still popular in some quarters. but johnson's hopes of a come back looking, slimmer and slimmer. it will be for the privileges committee to decide whether he knowingly lied to parliament. a decision that in turn could see the form a pm ejected as an m p. jonah, how al jazeera london time for

a short break here now to sierra, when we come back as tom's former prime minister emron. com says it's just a matter of time before he's imprison assassinated on as a you and warner, the global war to crisis. we look at the extraordinary length, some venezuelans are going to say supplies more, not saying ah hello, spring, ready, still struggling to get in across. so western parts of the u. s. particularly, it's a poor old california machine. another line, a very wet and windy weather making its way into a good part of california. tony packed us about some very windy conditions and that's gonna fizzle out as we go for the next couple of days, but still a chance to some re some slate and yes, some snow. the majority of that will be a little further north, rather pacific northwest into british columbia. little bit of snow to any other

side of canada. no, to some rather heavy rain all the way down across new england. right through the plains towards oklahoma that really peps up as we go on 3 friday temperatures. 40 batch around 18 celsius in bay, say from around the may 20. so that something of a change that rain makes its way through. and we still have some snow over to ward seta western side of the west, also across the rockies, hopefully clearing through a guy through friday through saturday, 18 celsius in al i at that state still a little on the call side. still not quite the kind of spring weather we would like to see. cool enough up towards the ne, new york around 9 degrees celsius with some right. sleet and snow sunny upstate goes the car print or she bad is lottie fine and dry. but i think most places will catch a shower ah. ready too often of canister is portrayed through the prism of war. but there were

many of canister thanks to the brave individuals who risk their lives to protect it from destruction. an extraordinary film, archives spanning for decades reveals the forgotten truths of the country's modern history. the forbidden real pot for the era of darkness on a just 0 ah ah, we'll go back to put them out about top stories here. this out, the u. s. federal reserve has raised interest rates again, despite recent turmoil in the banking sector. the benchmark rate is going up to 5 percent. it's highest level since 2007 as

a fed tries to curb inflation have been more protests against lebanon's financial crisis. police by tear gas to break up demonstrations in the capital. bare route, many were retired soldiers demanding a living with at least 8 people were killed in russian drones strikes me of ukrainian capital. on wednesday, the attack hit college on the student dorm south of keys. the victims was an ambulance driver called to receive french unions, according from nationwide protests on thursday, against the government's plans to raise the retirement age by 2 years, 264 ah, under the demonstrators, march through paris late on wednesday, it came hours after president emanuel macro went on television to defend the policy . he wants it implemented by the end of the year. natasha buckler reports the defiant in his 1st tv interview and months of the french president said he had no regrets about his controversial pension reform bill were forcing it through the

french parliament by decree. sutcliffe formally in the face freeform is necessary marseilles, the french people. if i doubt enjoy doing this, but he is out of a sense of duty that are committed to this solidity and on i saw me like crawford no concessions to opponents of the reform. who said you wouldn't re shuffle his cabinet or change his prime minister, leaving some a position and peas, unimpressive on if you're somebody want fi symbolically defying. frances working class, good with mr. mcgraw has highlighted his contempt for a part of the population through the contempt that was the hallmark of his pensions . bill frances trade union said the reform is unfair because it raises the retirement age by 2 years to $64.00 and will have a greater impact on poorer a workers. since january, they glad strike some protest in the country against the reform in paris, destroyed by garbage collectors, is in his 2nd week prison. macro will certainly hope that the arguments that he made in his television interview will calm the situation and quell the protests.

for now though, that seems unlikely. oh, some students and teachers demonstrated outside the higher education ministry in the city. these teachers say the governments ignoring people's concerns. the government is acting as if for nothing is happening on the street. isn't that as if for having music, people protesting peacefully, it doesn't mean anything and doesn't change anything. it's not her. just a, an education issue. it's all public services which are being really destroy, bye. are these neo liberal policies to day. so this made house stacked up and now people are claiming the streets because there is no other way to be heard to day. pretty new leaders hope the continued protests will put pressure on the government to scrap its reform. for now, there's no indication that the president who back down like war says the reform will help sustain the pension system for future generations. and he wants it to be

signed into law soon. on attack about latin men, al jazeera, new paras, pakistan's former prime minister, enron carne says it's only a matter of time before he's imprisoned or assassinated. he made the remarks in an online post, in which he spoke out against the government and the military parliament holding a session to discuss how to deal with con and his party. after recent confrontations with the police as had beg reports from the hall, ah, former prime minister in run on will be allowed to hold a rally. authorities have ruled. the decision comes after his party boxed on that he gave himself gave assurances, including the writings would be peaceful, but haunt, took to a youtube live address to make serious allegations. he said there was a plan under way to target him, be a government, a former cricket star turned leader has been at spoken against the pakistani military involvement in politics as well as the traditional governing parties. but our sub go mad jail,

madame though young magick which i am wanting all of you. if i am imprisoned or killed, then you have to stand a never accepted as a defeat 12, but we have to fight to the last born mess of it again. i am telling you they're going to eliminate me sooner or later so that they can get rid of me of the movement. we started against these thieves who have lew to this country for decades . hon also showed video of what he said was he supporters being attacked by police, cons rallies and quarter princes had been marked by violence. they had been confrontations between his supporters and police, but its members of his party. he said they are the victims demand. putnam thought that he contempt outside his house in the city of the whole members of the movement for justice are convinced their presence is needed to protect their leader. the gates resembled the military barricade. but instead of soldiers, it's guarded by hon supporters, the army knob among come to see our seasoned, and i do, we will eliminate the military that are involved in politics. like if they think that the brown car will be no more and will be eliminated,

we will vote for the party and this movement will continue. it can't be wiped out into people's heart, local i, the pakistan will progress or it will be torn apart. talk morgan, she han himself, traveled with high security, fearful of a possible attempt on his life. members of the governing coalition, see him as a disruptive force within the country. ma'am, would you go to look now? he's making allegations about a plot to assassinate him every day he's making new claims. and it's just a drama and so far is not presented. amy evidence as night falls in the whole more supporters radio rank hans house in anticipation of another pretty straight. many here believe the routing coalition government wants to see america, and if the port has go away quietly, they are called by some to bend his party. but so far, every move against con, only seems to increase your popularity. i said vague, i just there are the hor, pockets on the humans, middle east peace and boy has told a security council meeting. he remains deeply troubled by continued israeli

settlement expansion on tuesday as well as parliament over to and part of a law that banned the legal settlements and the occupied west bank. it had been in place since 2005 tor, when his land also criticized israel. security forces for spike and palestinian deaths and the occupied west bank is re to security forces operations in the occupied west back and subsequent clashes have led to a staggering number of policy needs killed and the injured i read. the security force is what use lethal force. all the work strictly unavoidable to protect life must probably at already investigate all instances of destiny. your is resulting from this use, holy ghost responsible accountable. i am particularly or paul that children continue to be killed and injured in large numbers. children must never be targeted of violence used or could in our way renewed fighting in humans any ger, rich,

married province, is testing 10 months of relative calm in the country. iranian back to the rebels, reportedly launched an attack late on tuesday, and maria hurried district, leading to an unknown number of casualties. according to the reuters news agency, the flare up comes saudi arabia and iran, who backed opposing sides in the circle. proxy war agreed to restore diplomatic ties. now homes, roads, and farmlands, or underwater and parts of california as the us state braces are more extreme weather regions been battered by repeated winter storms. more than $200000.00 people are without electricity, large areas of farmland. i've also been flooded just ahead of the spring office season. right, police if i tear gas on anti government protest, as in bolivia as capital hundreds of teachers have been marching through the streets of la pas demanding high wages. it's the 3rd straight week of demonstrations. teachers are calling for a general strike on us that demands a met. now the world's 1st 3 d printed rocket has launched his 1st mission to orbit

. about 85 percent of the terran ones rocket is manufactured with 3 d printing technology, including its engines launch could revolutionize space exploration, rockets capable of lifting 2010 kilograms into low earth orbit. now chileans of march through the capital santiago to mark world war to day organizers are hoping to raise awareness about access to safe drinking supplies. un says 2000000000 people will wide like access to clean water disease is related to unsafe drinking water, kill 1400000 people every year. when in low income areas around venezuela's capital cut across some residents say they haven't had tap water for decades. st. robbie has me life in one of the world's largest oil producing nations, venezuelan say, shouldn't be this difficult. and access to a basic human right should be easy. they to just 2 or 2 and

a half dollars for water. it's too much, we can't do it anymore because nobody can put up with that. sometimes the guys have bring us water from the well and sell it cheaper. more than 20 years. we haven't know what it's like to have tap water. running water has long been a luxury in the sprawling low income neighborhoods around caracas. a state owned company is in charge of supplying water practically free of charge, but it is unable to keep up with rising demand. on some residents of the tory venezuela's largest villa benefit from a nearby well where they can collect groundwater. others siphoned tap water from broken pipes or any mo got lucky we come here to get drinking water every 2 weeks. the use of the house i have to fetch and carry every day because we only have running water sometimes once a week and for 2 hours or an hour and

a half if that. otherwise, we don't have water shrinking wages and rising prices make access to water more difficult. even informal traders are increasing prices for jugs and tanker water. but these sources are still preferable because they are more reliable than the state for access to the most essential resource for life is in basra, v o g 0. unless he now from a mother who has to walk several kilometers with her 2 daughters every day to find water in zambia. many of a sources are rivers and streams where the water is shared by animals and not safe for human consumption. you may beg king scarborough and you, my name is peggy gut bungee. i have 2 daughter lighting. we live in cat, julie malone, the village of children, do whatever i meant that were dumb, man dodge is we fetch water from the damn. the water is dirty and contaminated with germany. it's such a long distance from home to the water. so i walk many miles to find the water. and

3 people died in this dam. the few taps in the village don't have water were left with no other option to use this water man to take it. i would down our neighbors fetch from palm presently a far away place with dangerous ruin. but just to get water for us, we can't manage to get water from that far road. we got water from the dirty, damp. one is the way i will do. men die by get in. the water here is dirty and green people of god. this is our complaint, the water is a problem. we really need help concerning this water, probably a damage. well, for the 1st time london's piccadilly circus has been lit up with the ramadan lights to welcome the muslim month of fasting and reflection numbers. the 1st major city in europe to host a spectacular light displayed to mark the occasion. the mare said he. com says it's a symbol of a capitalist i. thus.